What is Ovintiv's us — deferred income tax expense benefit?

Ovintiv (OVV) reported us — deferred income tax expense benefit of -$245.00M in Q1 2026.

How has Ovintiv's us — deferred income tax expense benefit changed year-over-year?

Ovintiv's us — deferred income tax expense benefit decreased by 355.2% year-over-year, from $96.00M to -$245.00M.

What is the long-term trend for Ovintiv's us — deferred income tax expense benefit?

Over 3 years (2021 to 2024), Ovintiv's us — deferred income tax expense benefit has grown at a 510.9% compound annual growth rate (CAGR), from $1.00M to $228.00M.

What does us — deferred income tax expense benefit mean?

Future tax obligations or benefits arising from timing differences in accounting and tax rules.

Geographic · Deferred Income Tax Expense Benefit

US — Deferred Income Tax Expense Benefit

Ovintiv US — Deferred Income Tax Expense Benefit decreased by 450.0% to -$245.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 355.2%, from $96.00M to -$245.00M. Over 3 years (FY 2021 to FY 2024), US — Deferred Income Tax Expense Benefit shows an upward trend with a 510.9% CAGR.

Analysis

StatementSegment

CategoryRisk

SignalContext dependent

VolatilityModerate

First reportedQ1 2017

Last reportedQ1 2026May 11, 2026

Rolls up toDeferred Tax

How to read this metric

Changes signal shifts in capital expenditure timing, depreciation methods, or future tax liability expectations.

Detailed definition

This reflects the tax effects of temporary differences between the financial reporting carrying amounts of assets and li...

Peer comparison

Common in capital-intensive industries with significant depreciation and depletion schedules.

Metric ID: ovv_segment_us_deferred_income_tax_expense_benefit

Historical Data

19 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q1 '26
Value	$0.00	$1.00M	$0.00	-$17.00M	$17.00M	$44.00M	-$319.00M	$72.00M	$65.00M	-$56.00M	$167.00M	$58.00M	$77.00M	-$11.00M	$104.00M	$96.00M	$63.00M	$70.00M	-$245.00M
QoQ Change	—	—	-100.0%	—	+200.0%	+158.8%	-825.0%	+122.6%	-9.7%	-186.2%	+398.2%	-65.3%	+32.8%	-114.3%	>999%	-7.7%	-34.4%	+11.1%	-450.0%
YoY Change	—	—	—	—	—	>999%	—	+523.5%	+282.4%	-227.3%	+152.4%	-19.4%	+18.5%	+80.4%	-37.7%	+65.5%	-18.2%	+736.4%	-355.2%

Range-$319.00M – $167.00M

Avg YoY Growth+423.2%

Median YoY Growth+65.5%

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Frequently Asked Questions

What is Ovintiv's us — deferred income tax expense benefit?: Ovintiv (OVV) reported us — deferred income tax expense benefit of -$245.00M in Q1 2026.
How has Ovintiv's us — deferred income tax expense benefit changed year-over-year?: Ovintiv's us — deferred income tax expense benefit decreased by 355.2% year-over-year, from $96.00M to -$245.00M.
What is the long-term trend for Ovintiv's us — deferred income tax expense benefit?: Over 3 years (2021 to 2024), Ovintiv's us — deferred income tax expense benefit has grown at a 510.9% compound annual growth rate (CAGR), from $1.00M to $228.00M.
What does us — deferred income tax expense benefit mean?: Future tax obligations or benefits arising from timing differences in accounting and tax rules.